Ask Me Anything with CEO Yuriy Gerasimov (03.09.2019) : Summary
September 3rd MBN Platform held an Ask Me Anything session at MBN official telegram chat. From MBN’s side, there was the Co-founder and CEO of mbn.global.io — Yuriy Gerasimov.
Main points discussed today:
1) IDEX listing
2) Release: Traders Rating
3) Implementation of MBN token
4) Rewards: Competition, Airdrop
5) Blockchain TV competition
6) List of the Most interesting question from the community
Wanna read the full text and more answers of today’s AMA? Scroll down, enjoy ;)
1. We’ve successfully listed on IDEX exchange and now trading vs ETH. The link for MBN trading pair is here: https://idex.market/eth/mbn
Idex is the most advanced decentralized exchange which is growing rapidly. They signed a partnership with Coinbase to allow US citizens to trade there. We will also go through US allowance due diligence, but it can be done only 30 days after the listing. So it will start on the 27th of September.
2. We have released a big update for the platform, that brought a lot of new features — Rating systems, graphs for Assets and Contracts, Telegram notifications and Profit Calculator.
Important information for traders on the platform. Since that release, all trades are available in the trader’s profile and verified by Proof-of-Trade.
Investors could find your profile in rating and send a request for the investment contract. The more info you will provide for the ratings, the higher the chances for you to have a contract from an investor.
Action to be done:
Add your telegram account in profile — you will be presented in the list of verified traders. Also, you’ll be notified via Telegram about executed orders and new contracts.
You can increase your personal statistic by adding API keys from Binance, Huobi or Bittrex and trading via MBN every day. Prove your skills now — show higher profit and get contracts for assets under management.
3. Next big update that will happen in September will bring the most exciting feature for all of us — Token usage on the platform!
Token will be used to unlock features on the platform and gain advantages over other traders.
This is the first step to launch our tokenomic ecosystem, so we did a series of interviews to specify the exact features and pricing for them. I would like to thank all of the participants because your involvement helps us to build a better platform!
There will be a free plan — for casual customers, who do only trade via MBN across available exchanges.
Also, there will be a Premium plan — monthly subscription in MBN tokens worth of $10 and PRO — monthly $25 worth of MBN tokens.
Fully described plans and available features will be presented you in a Medium long read during upcoming days.
4. There are many questions about rewards distribution, so would like to clarify all of them. First of all, I need to say that the distribution schedule may seem too slow for the participants, but it will help to stabilize the price on the higher levels and the value gained will be bigger. So please, don’t feel impatient about that — you will see the benefit of it in the long run.
For the Global Traders Competition there are 2 pools for rewards :
1) Prize Pool for top20 traders. It is 5,000,000 tokens that will be distributed to them for 4 months. First distribution already took place.
2) The second pool is tournament points and they would be distributed differently. You can choose to either use your points to pay commissions and fees on MBN platform or services.
3) For the Airdrop participants:
We counted all the tokens earned the numbers are here:
Altogether there were ~2000 airdrop participants with 1,123,900 tokens earned. They will be distributed during 4 months, starting from 17th September.
5. MBN platform will be competing in 2 seasons of Blockchain TV show: https://stars.b-t-c.tv/
Our presentation will start tomorrow at 2 pm UTC with me presenting MBN.
I will definitely do my best to showcase all the benefits of our platform and would ask you for your support. There will be competition judges and also some stages with community voting. We will inform you about upcoming news and actions to be done, so everyone can join with his efforts. Together we are much bigger power, so let’s stay united and win the big prize that will help to grow the COF ecosystem.
Here are the most interesting questions:
Q: How different pro and premium by access features?
A: Premium will allow advanced features like asset under management and notifications (with some limitations), while PRO grants unlimited access to assets under management and also to all the trading tools, conditional orders, external API and others.
Q: Few suggestions and clarification
1. Does trader need to hold or lock a certain amount of MBN tokens to be a trader in MBN platform? if not can introduce.
2. Introduction of MBN app
3. To be honest marketing of MBN has taken off like moon after introducing CRYPTO SNACK and Tehmoonwalker. Could help more with some YouTube videos. Any plans for such videos
4. Any more exchanges planned in upcoming months
5. 100million to angel investors .. so wats the exact date they will enter the markets?
6. Is it possible to extend the 6 percent staking for another 1 months, so more people are tempted to join lvl 2 .
7. Any plan of lvl 3 or 4 to lock more MBN tokens .
8. Can entry into the stock market be before 2021??
A: Good list, let’s go:
1. No, trading is free. For unlocking the features he should pay a monthly subscription fee.
2. MBN app will come live in the first half of 2020.
3. Yes, those guys, especially Snack did a great job and we have a lot of good words for them. Hopefully, we bring the same value for them! Agree with you that videos are the best way to contact with the audience, so exploring the possibilities. MBN Titans have a lot of skilled guys in this area so we will definitely collab on this.
4. Yes, we are already looking for the next one. Aiming to get listed for the early days of October. Will inform as there will be an agreement settled.
5. They will enter the circulation for 7 months with small batches. They are a very strong experienced syndicate, so when this will be done, they help us to bring it to a much higher level to sell their contribution.
6. It won’t happen like this. We already did a small gift for our community and newcomers for extending it for one week more.
7. Yes, this is more likely to happen. We will think of higher staking levels with higher rewards.
8. That too much of a future. Technically we are ready for this, the only question is to get legal licenses and create a brokerage network inside the platform. That is in our roadmap, so we are slowly but surely moving there.
Q: So what are plans if mbn wins 100k usd?? I’m sure it will win. Will it be used for listing in exchanges or development of the platform???
A: The funds will be spent on growing the COF and to pay the listing fees. So we really see it as a common goal for all of us.
Q: How can we help with Blockchain TV?
A: Cheer and vote for MBN. When there will be a page for a vote — we will send the link
Q: Stakers should buy some of the subscriptions?
A: Yes.
Q: Subscription applies for both traders and investors?
A: Yes, it is shaped that way, that if you would like to increase the number of available tools or limits for assets under management — you need to upgrade your plan to a higher tier.
Q: Is the mainnet still on schedule for Q1 2020? and any recent plans for mobile app? I know it is not a priority, but I think it would help bring more investors and traders to the platform. I prefer pc, but lots of people use only mobiles
A: Yes, mainnet is in reachable future. Right now we are exploring customer experience and constantly upgrading the UI. Anyone can list his will and if they are reasonably good — they will be implemented in the final version. Because the product is for YOU. Please, help us to build it the way you want with your feedback and suggestions. For mobile app — for me it also seems like a growing trend and we shall adjust on it and deliver it as soon as we can.
Q: KuCoin ? tehmoonwalker seems a big fan of Kucoin :)
A: There are many good exchanges to choose from, and we would try to pick the best from what we could afford. Also, your voices will be heard and we’ll discuss it in our chat as always!
Q: Any future trading competition in plans to attract more traders and investors?
A: Yes, we have several ideas about competitions and how to make them more interesting. Right now we prioritize the token usage, so competition battlefield will be released after it. Yeah, it will be a battlefield with multiple different competitions.
Q: Are there more API from exchanges to be added. Like dex exchanges?
A: This is also a very important point. Growing wide for many exchanges connected will bring much more utility and I can’t argue how important it is. Unfortunately, everything can’t be done at once, so we need to finish the platform preparations to start expanding and connecting multiple exchanges.
Q: Will you guys be working on making some on platform tutorials or guides to help traders and investors/beginners a helping hand in starting to use the MBN platform
A: Yes, we have some text tutorials that will be added and also we are working with a designer who will draw simple step-by-step guides for easy platform usage.
Q: It would be great if MBN logo and price is shown in all wallets for example trust wallet; imToken wallet and other ERC 20 compatible wallets.
A: Working on it. Logos are now presented on many wallets, still some issues with showing the price but it will be fixed soon.
Q: Thanks my reliable CEO. Though it is not stated in the roadmap, do you plan to own your exchange in the future. After entry into stock exchange in 2021, what will be the future goals of MBN team to ensure long term sustainability especially for those of us that want to hold till 2022
A: Own exchange is a great goal that we can achieve in the future. Especially with a background of asset under management system and multiple exchanges connected for massive liquidity.
